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Sony Pictures Entertainment Closes $1.2B Acquisition Of Crunchyroll From AT&T

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deadline.com
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Sony Pictures Entertainment has closed its $1.175 billion acquisition of Crunchyroll from AT&T, adding to the list of entertainment assets recently shed by the telecom giant.The company will be combined with Sony’s Funimation, creating a powerhouse in anime.

Funimation is a joint venture between SPE and Sony Music Entertainment’s Aniplex Inc.The agreement was first announced in December 2020 but reports surfaced in the spring about regulatory concern about the concentration of anime assets under a single corporate roof.

Crunchyroll last week said it had accumulated 5 million streaming subscribers. It has 120 million registered users across more than 200 countries and territories, offering AVOD, mobile games, manga, events merchandise and

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